Daily GBP/JPY analysis

Calm your frustration bear. Look at what you are saying. Do you really believe that anyone will buy your "sucessful trader" talk, when you lose minutes of your life, calling moron to another trader in a forum? I dont think so... lol

My explanation were very clear. I just do not understand how can someone short a pair against fundamentals and technicals, i guess im too young to understand suicidals but whatever.

Anyway. Just to see how i am a guy with sense, at the pace im getting profit i just needed less than 2 years to get my a lambo and yes i trade in a mini account, so you can see what kind of progression im having, but... even so i mentioned 5 years, so that shows for start a lot of good sense that i have.

Show us your account summary and i will get other opinion on shorting pairs that normally drop 50 pips and then rise 200.

I guess im too stupid to understand shorts on simple profit taking drops.

well, i hope that this thread does not descend into a slanging match which most other long threads end up with....

anyway, here is my 2 cents.... i feel that gj will go up to atleast 238...if it breaks 238.2 cleanly, it should go up to 241 atleast...lets see....

is there anybody alive here ?

this monster going up & down aimlessly...but ultimately it has to go up....why so much indecisiveness...when near term future is so clear...(USD going down & Yen further weakening).....this manipulation is so childish........

heh and again I traded on sunday .... -60 piips hopefully it will go up ... any predictions ?

I'm a dip buyer GU, GJ and UJ, ultimate targets 2.0 / 121 / GJ accordingly for the week.

Scenario denied below 9725 - 118.40/00 in the s/t

Well it looks to me like it will be going north to at least 238.52 which would be the 131.2 fib line. Sorry, my chart doesn't go that far, but here it is. That would be good to me, hopefully the fibs won't fib to us lol.

ok please people can I ask u to do me a favour ? whenever I will try to trade on the first bar on sunday just kick me hard ... I entered long at 237.52.... so u see how many pips I missed

I used to do the same thing. As soon as the market openend for trading I would jump in and then see the trade go negative quick. I now wait until Tokyo opens now.

Currently long @ 236.88.

One kick for me too should keep me from sleeping in a Sunkist box on the street. Went long around the same area, going to sell a kidney first thing tomorrow morning.

Waited for retracement - Long at 237.02

smart guy ... when I saw that jump 100 pips in a first hour i got scared ....

04:41market may test the 2.000 level today

Market past the Friday sesison high.

we are on our way!

Well, Im waiting for Soros to give me a quick short entry on pound :d

TRADING ALERT: Mouteki Signal Trigger
FREE ALERT PROVIDED BY http://www.4xwatch.com

Summary

Trendline point 1: high at 2007.04.15 20:00 (237.85)

Trendline point 2: high at 2007.02.23 12:00 (238.12)

First candle above line: 238.00 - 2007.04.16 12:00

Projected profit: 255.02

Details:

1. Upper trendline was drawn by the indicator between the high of the bar at 2007.04.15 20:00( price level of 237.85) and the high of the bar at 2007.02.23 12:00( price level of 238.12)
2. The indicator has detected a qualified breach of that trendline by a candle (bar) opening at a price of 238.00, above the trendline at 2007.04.16 12:00, after a cross of the trendline by a previous candle (bar).
3. In accordance with the Mouteki rules (http://www.forexfactory.com/forexfor...ad.php?t=8464), that is a signal for a possible long entry.


Target projections:

1. Distance from trendline to the lowest point was calculated based on the low of the bar on 2007.03.05 20:00 at a price level of 221.05.
2. That distance was found to be 17.02.
3. This gives us a projected takeprofit level at 255.02 (that being a distance of 17.02 from the opening of the qualifying candle at 238.00).




Please note that this indicator is in its Beta stage and is being continually improved.

Please view our terms and conditions regarding these alerts at http://www.4xwatch.com/index.php?opt...d=38&Itemid=45



Alert reference: Alert # DM3.1.3.G-GBPJPY-2402007.04.16 12:00

Broke 2/27/07's high of 238.16 today. If you look on your daily's this was right before the 221.55 dowtrend correction.

My tech's tell me a break of 238.90 see's 242 and beyond.

Buy those dip's!!

Anyone share this same analysis?

Just have to wait for this (becoming usual) 00-02GMT USD carnage + carries floating abandoned

Weekly pivots for the GJ for this week.